Intel’s stock jumped 13% today over Apple chip manufacturing report

Intel shares hit a record high, briefly touching $110.48, after a Bloomberg report said Apple has held early talks with Intel and Samsung on future chip production.

The rally lifted Intel’s market value to a new peak and extended a rebound driven by better business results, U.S. government support, and optimism around its foundry strategy.

The report matters because Apple may be looking to diversify chip manufacturing beyond TSMC, which could be a major win for Intel’s contract manufacturing ambitions.

Investors see the potential Apple tie-up as another sign that Intel’s turnaround is gaining credibility.